The Graveyard › Banks › 1987

First Interstate Bank of Alaska

Anchorage, AK · failed December 11, 1987 · FDIC certificate 17334

First Interstate Bank of Alaska of Anchorage, AK failed on December 11, 1987. It opened on May 25, 1946, 41 years before. At its last report before that it held $367.7 million in assets and $358.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $439.9 million. The FDIC estimates that the FDIC's insurance fund lost $104.4 million on it.

1984-031987-09

Assets at the end$367.7 millionlast report before December 11, 1987

Deposits at the end$358.9 million

Estimated loss to the fund$104.4 millionFDIC

Largest in the quarterly reports$439.9 millionSeptember 30, 1984

Equity to assets0.8%September 30, 1987

Loans not being repaid34.4%noncurrent, September 30, 1987

Return on assets-5.56%a year's rate, September 30, 1987

Staff220full time, September 30, 1987

Could you have seen it coming? Play Black Monday

Also ended in 1987

Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
Freedom S&LA · Tampa, FL · $1.9 billion in assets
Vernon S&LA · Vernon, TX · $1.3 billion in assets
Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
Independent American SA · Irving, TX · $1.0 billion in assets
First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.